Most people struggle financially at some point in their lives. While these financial struggles are often temporary, dealing with money problems can put a huge strain on your day-to-day life.
Thankfully, there are a few things you can do to keep yourself on track and deal with financial stress, including:
Determine the problem
What’s really worrying you about your financial situation right now? Maybe you know that you won't be able to make your next mortgage payment. You may even already be behind on paying an essential bill.
Perhaps you don’t feel secure in your current place of employment? Or perhaps you are having trouble staying on top of your everyday living expenses and bills. Debt is a major issue for the average Australian. If you're dealing with overwhelming debt that seems to keep piling up, this could be the source of your stress.
Before you can deal with your financial stress effectively, you must first identify its cause. Take out a notepad and write down everything that is worrying you at present – putting it on paper will help you to identify the issues and deal with them.
Money issues can cause stress. People who are facing debt, limited income and ongoing expenses often feel that they will never be able to catch up with their bills. Even though you may be going through a tough time right now, it's important to stay positive about your life as a whole.
Focus on the aspects of your life that you truly love. Remind yourself that your life is about more than just money, and it is possible to love your life when money is tight. The reality is everyone hits hard times at some point and it is important to remember this. By putting things into perspective, you will find they are less daunting and easier to overcome.
Stay in the now
It can be easy to let your thoughts wander into the future when you're dealing with money issues, but it's important to focus on what's happening right now. There's no point in thinking about the worst that could happen in the future when you only have control of what's happening today. Think of some changes that you could make today to get a better handle on your finances. Focus on these efforts instead of thinking about what could happen if you fail to make a change.
Ask for help
Don't be afraid to ask for help if you need it. As your local mortgage broker – I can help you put a plan in place that will help you to stay on top of your mortgage repayments and keep you from falling into the red.
If you would like any more money savings tips or would like help reviewing your finances, call me today on (07) 3286 7711, or visit me, David Thomas, and my team at Shop 67, Victoria Point Shopping Centre, Victoria Point.